#14 More than 25 percent of all Americans now have a credit score below 599.

#15 One out of every five children in the United States is now living in poverty.

As millions more Americans continue to climb on to the "safety net", how long is it going to be before it breaks?

The reality is that the system can only support so many people. We are now at a point where our anti-poverty programs are clearly unsustainable in the long-term, but nobody has a solution for how we are going to get all of these people off of these programs or how we are going to provide good jobs for all of them.

15 comments:

Today; according to YoBama on CNBC - the "system" can support EVERYBODY !

This numbnuts community organizer had the audacity to talk at length about how the good ole USA will continue to increase efforts to combat disease and poverty the " globe over"

What a friggin' Ahole this guy is - he and his administration won't quit until this country has given the world our last fucking penny ( now made from zinc ) meanwhile; our own countrymen are beginning to starve.

Just say 4 months and no more welfare. By my house, Target has a large sign out saying Help Wanted and so does Burger King. If they're begging for workers who else is? Good jobs? No but is welfare good?

6.18A sign out the front of big corporations is good for economic confidence building and feeding the propaganda- anti welfare for the unemployed line -of real brain dead numbnuts like you.Aparantly you are still living in clover and preach class war against the poorer. The signs you see or the MSM proaganda about plenty of jobs does not mean that the jobs or recovery actualy exists.Do you really believe that millions of people su8ddenly got lazy ,just stopped working in order to live high on the hog on welfare benifits? The great ponzi is over and a whole nation of unproductive of industrial commodity wealth parasites ,getting the butter on their bread from transfers of wealth and credit from the rest of the world ,is in trouble -insolvent.Whatever signs you see to the contrary.

Great scott! I can't believe this blog owner has missed this one but perhaps he simply hasn't gotten a chance to post it yet. If this doesn't shake you up, NOTHING WILL! >> http://www.youtube.com/watch?annotation_id=annotation_163018&feature=iv&v=uzef43gdupk

“The reality is that the system can only support so many people.”All sorts of dire real problems, mostly the cost welfare are listed in this article but not the main causes of the problems . Like the problems of the cost of that other bigger welfare system . The bailouts for wall st. capitalism, that are dragging America down in a death spiral of bailouts costs for old past losses and debts, as well as the cost trillions of $ in newly created bailout deficit spending for the big parasites of finance capital usury. These creeps masqueraded as patriotic “Free traders” created the de-industrialization of America by globalist free trade capital for their short time profits and bonuses , ended with the creation of a Great Ponzi a materially unproductive services based economy running on credit. That Ponzi economy ,was originally fed by creation of consumer debts ,but included deficit spending for wars , leading to the capture of future tax revenues, the “Public debt” of a now bankrupt government by Treasury bondholders. These massive treasury bondholder debts about 50% foreign owned have to be serviced with interest. Americans as well now, need to service interest on a decades long accumulation of trade deficits and for foreign investments in the housing bubbles, the debts of the private sector. The finance sector was broken apart by the issuance of fraudulent dud ‘AAA’ rated bonds sold to the rest of the world. The Americans were fed the lie that their high living lifestyles were based on the super-productivity of the profits of a creative finance sector magically securitising debts.This ponzi economy has now imploded in a sea of private and bankster debts.

As a diversion from that major problem of a failed economy, the author above points in a different direction ,to worries about the cost of welfare, as a threat to the attempt to bring back to life that bankrupt ponzi .Now he claims problems , as capital cannot provide further credit to the maxed out debt peons to stimulate buying or selling of housing and commodities or jobs from which a profit can be made . In a normal recession the unemployed are viewed as a reserve competitive army of labor.Now in a growing depression, of long term employment ,because the jobs do not exist,( and their return is not expected for decades) . The unemployed and people made dependent on welfare are seen as the unsolvable big problem ,the victims are seen and painted here, as if they are the cause of the problem itself . The Author pointing away from the causes claims to see no solutions.

After all hopes of the ruling elite of getting the Ponzi economy back to life, even though the old foreign credit supply has now being cut , is clearly economically irrational , the credit supply wheel has fallen off .

The old GDP was 70 % driven by consumption not production of new industrial conmodity wealth by Americans. Consumption on credit at the old living standard by already maxed out Debt peons, many now unemployed and losing their old incomes clearly cannot revive that economy by spending.

The cost of the illusion of continuing prosperity demands a bail out for a failed economic system of “Free trade” with a return of continuing the profits extracted from Chinese industry and cheap labor profits realized by the retailers in the shopping malls of America . As well as the continuation of governments Empires Wars on behalf of the shareholders in the military industrial complex . This requires the use of the printing press to create further ,now internal debts, instead of the old external credit supply. But counterfeiting dollars will not work either without eventual massive inflation

Give me a break! Our "poor" live like the middlw class in Europe and like kings in the third world. In fact the biggest difference between our poor and the middle class in Europe is they only get 7 weeks vacation a year while our poor get 52 weeks a year.

People in Europe work about 15 hours a week while Americans will work about 80 hours.

You claim the poor here vacation the entire year? 52 weeks? Really!? Most of the poor I see look horrible, I bet Donald Trump wishes he could vacation 52 weeks out of the year, wow.

Yeah, the "middle class" here live like kings alright, I'm sure they love breaking their backs for some lame ass idiots 60 to 100 hours each week then coming home to spoiled brat kids or a failing mortgage.

I am against Socialism, but then again people like you make me wonder why. I believe Socialists and Capitalists, Communists and Patriots, are both fuckheads who conjure up lies to defend their own egos (nonsense).

This world is a nightmare, fuck you mindless people. Animals, children, and a nugatory number of adults are the only degree of normalcy left.

Perhaps God, the Great Spirit, is the one bringing all this about because It feels like Its children have become a sad mix of anger, misery, greed, and perversion?

Where's the solution? Obviously the Divine Creator evades us of any solution. Why? Because He's pissed. I wouldn't be surprised if Mother doesn't open up and swallow those up who she finds ugly at heart.

responding to @7:14 on how good the poor have it in america. three summers ago my wife and i rented a trailer in the worst white trailer trash area in my town.my very awesome wife let me do this instead of going on vacation.we would stay there from thursday till sunday each week for the summer.let me tell you i learned a great deal on how the poor in our country live and i would not wish it on my worst enemy.our next door neighbors had no running water the entire time we were there.i let them run a water hose from our outdoor spicket to their bathroom so they could flush the toilet and take showers.our neighbors on the other side had 2 rotweiler's that later that summer killed another guys dog and attacked his 4-year old daughter leaving lacerations on her face(the owner blew the dogs brains out right in front of everyone).the people across the street's mother o.d on prescription pills leaving behind a 16 and 18 year old to fend for themselves, i gave them food on a regular basis.these are just a couple instances of what went on in the court that summer. i felt disgusted with myself because i wanted to see some jerry springer shit(thats why i rented the place). all i ended up seeing was neverending misery and suffering.so before you say how good poor people in america have it try living in a trailer court for a few months and i guarantee your view will change, i know it changed me.

I think the point 7.18 was making in a discussion on the costs of wealfare, was basicaly the same as 5.54

Same , same, sham 2 party = "left" and "right" wings of a one party system serving a ruling elite and its banking system ,no matter how you vote for whatever Messiah is the flavor of the month.

Result? same ,same false hope and change and the assets of the middle class are being looted as the Debt peons cannot keep up thir interest payments . Continual bailouts for the usury finance sector are required out of government revenues .

A jobless "recovery" is promised for the now bankrupt economic suystem if the costs of welfare can only be cut.

Still ,Americans are prepared to fight and die for preserving the "freedoms" of that two party "free trade wars " system .

Much noise is being made made by the supporters of that system about the cost of welfare that the government now 'cannot afford" as long as it continues with its deficit spending on permanent wars against brown peoples , for the profits of the military industrial complex. too.

But Note well, it is still an unproductive de-industrialised Ponzi economy.A ponzi only lasts as long as the promised interest can be paid out of the money put in by this years crop of mugs. This means that,the cost of current welfare is not even paid for by current taxpayers ,but by printing money deficit spending stimulus to keep the ponzi going.Trillions of printed $ are being thrown at the debt problem Only a desperate government and Fed bankster hope now exists ,that the cost of the interests for the bondholders of treasury debts , can be paid for out by current taxpayer revenue in order to keep the treasury bond Ponzi Functioning.But government tax revenues incomes are falling.

With the cost of actualy paying off the principle of the debts passed on to current and future generations of debt Peons.